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Easing the Tax Burden on Retirement Income
If you fall into to category of those who face a tax liability on your Social Security income–and since the thresholds haven’t changed in decades, it’s likely–there are steps you can take to minimize the burden. From the use of…
See What You Can Do Online During National Social Security Month
(Source: Social Security Administration) In April, we celebrate National Social Security Month by letting you know what you can do online with a my Social Security account. Last month we featured how you can replace a lost or stolen Social Security card,…
Social Security says: “We’re here to help”
Many may not know that Social Security has a “People like me” section of their online services which offers information in layman’s terms about a variety of Social Security topics. From special services for veterans to addressing the often unique…
How to make the most of a Survivor’s Benefit
Survivor’s benefits often provide a lifeline to widows whose own Social Security benefit is either smaller or non-existent. According to Social Security’s rules, a surviving spouse is entitled to the same benefit the deceased was receiving at death, provided that…
Relying on investment returns to postpone claiming Social Security
Delaying your claim to Social Security benefits yields a significant financial advantage, because your benefit increases by 8% for each year you wait past your full retirement age (up to age 70). But unless you’re still working at a high paying…
Are 401(k)’s a retirement dinosaur?
The tax-advantaged employer savings plan known as 401(k) has been a mainstay of many a retirement plan over the last 40 years. In this somewhat controversial article appearing at VOX.com, columnist Jacob S. Hacker argues that the 401(k) is little…
Social Security’s “First Year Rule”
In this article appearing at Kentucky’s SurfKY News, our own AMAC Foundation weekly Ask Rusty column discusses a question from someone who is about to retire from work at age 62 and wants to collect his Social Security benefits immediately, but…
Some surprising facts about Social Security
In this article by Matt Montgomery, the author provides a list of interesting and sometimes surprising facts about America’s most important social benefit program, Social Security. This list includes important facts you should know, especially if you’re approaching Social Security…
Social Security Phone Scams Seek Your Money
It’s a sad commentary on our times that we must post these scam and fraud articles so frequently, but it seems there is no end to reports of unsuspecting people being bilked out of their money. Just as we report…
Scammers using “spoof” number for SS Inspector General
In an incredible example of the depths to which scammers will go to bilk you out of your money, criminals are now “spoofing” your caller ID into saying the call is from Social Security’s office of the Inspector General’s (OIG)…